This excerpt taken from the GOOG 8-K filed Jan 22, 2009.
GOOGLE ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2008 RESULTS
MOUNTAIN VIEW, Calif. January 22, 2009 Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter and for the fiscal year ended December 31, 2008.
Google performed well in the fourth quarter, despite an increasingly difficult economic environment. Search query growth was strong, revenues were up in most verticals, and we successfully contained costs, said Eric Schmidt, CEO of Google. Its unclear how long the global downturn will last, but our focus remains on the long term, and well continue to invest in Googles core search and ads business as well as in strategic growth areas such as display, mobile, and enterprise.
Google also announced today that it is planning to offer employees a voluntary, one-for-one stock option exchange. This program, intended to create more incentives for employees to remain at Google and contribute to achieving its business objectives, is currently scheduled to begin on January 29, 2009 and end on March 3, 2009, unless Google is required or opts to extend the offer period to a later date. Please see the section Employee Stock Option Exchange below for more details.
This excerpt taken from the GOOG 8-K filed Oct 16, 2008.
GOOGLE ANNOUNCES THIRD QUARTER 2008 RESULTS
MOUNTAIN VIEW, Calif. October 16, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended September 30, 2008.
We had a good third quarter with strong traffic and revenue growth across all of our major geographies thanks to the underlying strength of our core search and ads business. The measurability and ROI of search-based advertising remain key assets for Google, said Eric Schmidt, CEO of Google. While we are realistic about the poor state of the global economy, we will continue to manage Google for the long term, driving improvements to search and ads, while also investing in future growth areas such as enterprise, mobile, and display.
Q3 Financial Summary
Google reported revenues of $5.54 billion for the quarter ended September 30, 2008, an increase of 31% compared to the third quarter of 2007 and an increase of 3% compared to the second quarter of 2008. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2008, TAC totaled $1.50 billion, or 28% of advertising revenues.
Google reports operating income, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables.
This excerpt taken from the GOOG 8-K filed Jul 17, 2008.
GOOGLE ANNOUNCES SECOND QUARTER 2008 RESULTS
MOUNTAIN VIEW, Calif. July 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended June 30, 2008.
Strong international growth as well as sustained traffic increases on Googles web properties propelled us to another strong quarter, despite a more challenging economic environment, said Eric Schmidt, CEO of Google. As we continue to focus on innovating in our core business of search, ads and apps, we also look forward to enhancing the experience of our users and expanding the reach of our advertisers and partners with new technologies and formats, particularly as our integration of DoubleClick gains momentum and creates new opportunities in display advertising and elsewhere.
This excerpt taken from the GOOG 8-K filed Apr 17, 2008.
GOOGLE ANNOUNCES FIRST QUARTER 2008 RESULTS
MOUNTAIN VIEW, Calif. April 17, 2008 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2008.
Our ongoing innovation in search, ads, and apps helped drive healthy growth globally across our product lines, yielding another strong quarter for Google, said Eric Schmidt, CEO of Google. As we integrate DoubleClick into our advertising platform, we see exciting new ways to improve the user experience and increase value for our advertisers and partners. Also, while exercising operational discipline, we continue to explore opportunities that add value to users everywhere and to Google in the long term.